For individual investors in the UK

CTY The City of London Investment Trust plc

Renowned for its record-setting annual dividend increases since 1966, the Company targets long-term income and capital growth

ISIN
GB0001990497

Share price
421.00p
As of 26/01/2023

Estimated NAV
411.76p
As of 26/01/2023

Discount / Premium
2.24%
As of 26/01/2023

Yield
4.74%
As of 26/01/2023

Overview

INVESTMENT OBJECTIVE

The Company’s objective is to provide long-term growth in income and capital, principally by investment in equities listed on the London Stock Exchange. The Board fully recognises the importance of dividend income to shareholders.

The value of an investment and the income from it can fall as well as rise as a result of market and currency fluctuations and you may not get back the amount originally invested. Potential investors must read the latest annual report and where relevant, the key investor information document before investing. This website is for promotional purposes and does not qualify as an investment recommendation.

ABOUT THIS COMPANY

  • Invests mainly in UK equities with a bias towards large, multinational companies
  • A conservative management style that prioritises sustainable income and long-term capital growth
  • Provides UK investors with exposure to global growth through the portfolio’s overseas revenues

RATINGS AND AWARDS

The City of London Investment Trust plc has been awarded the Kepler Growth and Income Rating for 2023.
Find out more about the methodology behind the award here.

Source: Morningstar, Kepler calculations, 01/01/2022 - 31/12/2022
Past performance does not predict future returns.

This is not substantive investment research or a research recommendation, as it does not constitute substantive research or analysis. Performance records are detailed on the specific KID, fees and charges may vary and further information can be found in the company’s prospectus and KID which must be reviewed before investing.

Past performance does not predict future returns. 
 

LATEST INSIGHTS

Knowledge Shared

At Janus Henderson, we believe in the sharing of expert insight for better investment and business decisions. We call this ethos Knowledge Shared.

ANNOUNCEMENTS

View the latest announcements for this Company:

London Stock Exchange

FREQUENTLY ASKED QUESTIONS

Source: Morningstar. Ratings updated quarterly.

PORTFOLIO MANAGEMENT

Job Curtis

Fund Manager

Industry since 1983. Joined Firm in 1987.

David Smith, CFA

Deputy Fund Manager

Industry since 2002. Joined Firm in 2002.

Performance

Past performance does not predict future returns.
Discrete Performance (%)
As of 31/12/2022
Net Asset Value Price
 
Quarter End
As of 31/12/2022
2021/2022 2020/2021 2019/2020 2018/2019 2017/2018
Net Asset Value 5.10 20.07 -13.81 21.14 -10.12
Price 9.37 11.78 -11.75 20.53 -8.48
Cumulative Performance (%)
As of 31/12/2022
NAV (Net) Price (Net)
 
As of 31/12/2022 1MO 3MO YTD 1YR 3YR 5YR 10YR
NAV (Net) -0.76 9.73 5.10 5.10 8.78 18.44 105.13
Price (Net) 0.24 10.43 9.37 9.37 7.89 19.01 101.33
DIVIDENDS
Ex Dividend Date Pay Date Amount div p/ps
26-Jan-23 28-Feb-23 5.00
27-Oct-22 30-Nov-22 5.00
04-Aug-22 31-Aug-22 5.00
28-Apr-22 31-May-22 5.00
27-Jan-22 28-Feb-22 4.80
28-Oct-21 30-Nov-21 4.80
05-Aug-21 31-Aug-21 4.80
29-Apr-21 28-May-21 4.80
28-Jan-21 26-Feb-21 4.75
29-Oct-20 30-Nov-20 4.75
30-Jul-20 28-Aug-20 4.75
23-Apr-20 29-May-20 4.75

Portfolio

Top Holdings (As of 31/12/2022)
% of Fund
British American Tobacco 4.23
Shell 3.87
Diageo 3.51
BAE Systems 3.29
Unilever 3.00
AstraZeneca 2.97
BP 2.96
RELX 2.90
Imperial Brands 2.87
Rio Tinto 2.61
View full holdings
Sector Allocation % OF FUND % OF FUND (As of 31/12/2022)
Country/Geographic Exposures % OF FUND % OF FUND (As of December 31, 2022)

Documents

Previous Annual Reports are available by contacting us by telephone or email.

Document View
  • ​The value of the Funds and the income from them is not guaranteed and may fall as well as rise. You may get back less than you originally invested.
  • ​Past performance does not predict future returns
  • Third party data is believed to be reliable, but its completeness and accuracy is not guaranteed.
  • If a Company's portfolio is concentrated towards a particular country or geographical region, the investment carries greater risk than a portfolio diversified across more countries.
  • Where the Company invests in assets which are denominated in currencies other than the base currency then currency exchange rate movements may cause the value of investments to fall as well as rise.
  • This Company is suitable to be used as one component in several in a diversified investment portfolio. Investors should consider carefully the proportion of their portfolio invested into this Company.
  • Active management techniques that have worked well in normal market conditions could prove ineffective or detrimental at other times.
  • The Company could lose money if a counterparty with which it trades becomes unwilling or unable to meet its obligations to the Company.
  • Shares can lose value rapidly, and typically involve higher risks than bonds or money market instruments. The value of your investment may fall as a result.
  • The return on your investment is directly related to the prevailing market price of the Company's shares, which will trade at a varying discount (or premium) relative to the value of the underlying assets of the Company. As a result losses (or gains) may be higher or lower than those of the Company's assets.
  • The Company may use gearing as part of its investment strategy. If the Company utilises its ability to gear, the profits and losses incured by the Company can be greater than those of a Company that does not use gearing.
  • All or part of the Company's management fee is taken from its capital. While this allows more income to be paid, it may also restrict capital growth or even result in capital erosion over time.
  • The Company confirms that it currently conducts its affairs so that its ordinary shares of 25p each can be recommended by IFAs to ordinary retail investors in accordance with the Financial Conduct Authority’s (FCA) rules in relation to non-mainstream investment products and intends to continue to do so for the foreseeable future.
  • The shares are excluded from the FCA’s restrictions which apply to non-mainstream investment products because they are shares in an investment trust.
  • For detailed product information including the risks associated with investing please read the relevant Prospectus or Annual Report. Please refer to the AIFMD Disclosure document and Annual Report of the AIF before making any final investment decisions.